The market opened in red on July 24, 2020, overall volumes in futures & options currently stand at 5,96,14,984 crore contracts with a turnover of Rs. 34,71,635.85 crore.

The market opened in red on July 24, 2020, overall volumes in futures & options currently stand at 5,96,14,984 crore contracts with a turnover of Rs. 34,71,635.85 crore.

The market opened in red on July 24, 2020. 

One should focus on the way ahead rather than looking at what happened in the past. Markets are here for a long time and thinking over what happened, would add more to the agony of the retail investors.

It posted net profit of Rs 16.75 crore for Q2CY20, which declined by 75.98 per cent, as compared to Q2CY19 when it reported Rs 69.74 crore. 

PNC Infratech Limited has surged 8.9 per cent after receiving letters of acceptance (LOA) from National Highways Authority of India (NHAI) for two EPC projects for which, it had submitted bids on January 11, 2020. Both these projects are worth Rs 1,547.80 crore.

For the first time since March 5, Nifty closed above 11,200 level in the last trading session. Even the broader markets were cheering. As a result, market participants would be expecting the bulls to continue its northward journey! But as the sentiments reverses due to melancholy cues from the global markets, caution is likely to be the buzzword today.

On the upside, the level of 11,240 is likely to act as a stiff resistance and on the downside, the level of 11,103 may act as a support. Stocks in news: Sun Pharmaceutical, Majesco, PNC Infratech, Kingfa Science & Technology, Voltas, Lupin.

The stock of Orissa Minerals Development Company (OMDC) Limited has given a symmetrical triangle breakout on the daily timeframe. This breakout was confirmed by the above 50-day average volume.

With this triangle breakout, the ADX, which shows the strength of the trend, turned upside and moved above the -DI. Additionally, the stock has formed an opening bullish Marubozu candlestick pattern on the breakout day, which indicates an extreme bullishness. Interestingly, the daily RSI has given downward sloping trendline breakout, which is also a bullish sign.